Blue Dot Consulting’s Post

If you want useful financial information for your business then start from the end and work backwards to the beginning. Ask yourself: 🔵 what financial information do we need to measure and improve business performance? 🔵 who needs this information and when? 🔵 will everyone understand what they're looking at and what to do with it? And once you know what you're looking to achieve you can look backwards and ask: 🔵 how do we organise our accounting and bookkeeping workflows to get where we want to go? Perhaps because there's usually a feeding-frenzy around data-entry, getting transactions into the system is where people focus their energy and don't give enough thought to what's going to come out at the other end. Which is how you can end up all too easily in the wrong place. Don't be like these guys: https://bit.ly/3ToTmW2 #xero #quickbooks #managementinformation

If you want useful financial information for your business then start from the end and work backwards to the beginning. Ask yourself: 🔵 what financial information do we need to measure and improve business performance? 🔵 who needs this information and when? 🔵 will everyone understand what they're looking at and what to do with it? And once you know what you're looking to achieve you can look backwards and ask: 🔵 how do we organise our accounting and bookkeeping workflows to get where we want to go? Perhaps because there's usually a feeding-frenzy around data-entry, getting transactions into the system is where people focus their energy and don't give enough thought to what's going to come out at the other end. Which is how you can end up all too easily in the wrong place. Don't be like these guys: https://buff.ly/48KosM8 #xero #quickbooks #managementinformation

Is it time to make your move? Which options should you consider? What are the hidden costs of waiting? This paper outlines some of the key factors you should assess when you’re considering whether to “graduate” from QuickBooks and step up to scalable business-class financial management solution. Download Now: https://lnkd.in/gGvJYt5Y

Conducting weekly cash flow analyses in QuickBooks provides insights into financial health and aids in proactive management. 🟢🌟 #WeeklyQuickBooks #CashFlowAnalysis #FinancialHealth #ProactiveManagement #MichelleThePlanner #CashFlowTrends #FinancialInsights #WeeklyReview #BusinessFinance #CashManagement

Conducting weekly cash flow analyses in QuickBooks provides insights into financial health and aids in proactive management. 🟢🌟 #WeeklyQuickBooks #CashFlowAnalysis #FinancialHealth #ProactiveManagement #MichelleThePlanner #CashFlowTrends #FinancialInsights #WeeklyReview #BusinessFinance #CashManagement

Elevate Your Business Finances with Real-Time Management! Introducing QE Extension, the perfect companion for QuickBooks! Seamlessly manage your business finances in real-time and make informed decisions with confidence. QE Extension enhances QuickBooks by streamlining your financial processes, providing instant insights, and ensuring accuracy in your financial data. Why wait for end-of-month reports? Stay ahead and keep your business thriving with real-time financial management. Discover the power of QE Extension and QuickBooks today! #BusinessFinance #QuickBooks #QEExtension #RealTimeManagement #FinanceAutomation

What's stopping you from choosing the right QuickBooks version for your construction business? It might be the overwhelming number of options and the uncertainty about which one fits your specific needs. Our guidance can help simplify the process, ensuring you select the best version for job cost and management reporting. Boost your confidence in financial decision-making and maximize profitability with the right tools and support. Read our article to learn more: https://lnkd.in/gVgKHx7w #ConstructionAccounting #QuickBooks #BusinessGrowth #constructionprofits, #jobcosting, #constructionaccounting

💼Boosting productivity with QuickBooks Online Advanced Tool🚀 💻QuickBooks Empower your business with QuickBooks Online Advanced Tools. Elevate productivity, efficiency, and success in financial management.🚀 #QuickBooksEmpowerment #FinancialSuccess https://bit.ly/48BYXxv

Financial Statements may sound too much like a ‘big company’ or CPA term to many small business owners but it need not be intimidating and, once understood, will be a very helpful tool for your company. To begin this series, we will address the 3 basic financial statements to disclose what they are, what they mean, and how to use them. Most of the accounting software packages can produce these statements on demand but until you understand what they are saying, it is difficult to know if they are correct. Primary Financial Statements include: 1. Income Statement, often called Profit & Loss 2. Balance Sheet 3. Cash Flow Statement, or sometimes referred to as Sources & Uses of Cash Learn more inside our Snapshots Blog: https://lnkd.in/ep-hsKAS

QuickBooks simplifies bookkeeping, but mastery unlocks its full potential 🔓 Here are 3 QuickBooks tricks for efficient bookkeeping ⬇️ 1. Automate Entries: Use bank feeds to automatically import transactions - saves time and reduces errors 2. Reconcile Regularly: Monthly reconciliation of accounting with bank statements ensures accuracy in financial records. 3. Utilize the Reporting Features: Generate customized financial reports for insightful business analysis. Improve efficiency and financial reporting accuracy with these practices 🌟 #QuickBooksTips #BookkeepingBasics #FinancialManagement #CertumSolutions #QuickBooksSolutionsProvider